LongBridge Takeaway | Alibaba is expected to double? Rivian may soar 200%?

Jefferies: "Buy" rating on Alibaba, target price of HK $224

Based on today's closing price of HK $116, this price means that there is still 93% room for improvement!

Reason: The bank attended a meeting hosted by Alibaba and mentioned the company's use of "all-access roads" to solve pain points and drive merchant performance, as well as how different business units have supported Shanghai consumers during the epidemic in the past few months.

The report quoted the meeting as saying that brands are facing the problem of driving business growth and digital tools. Alibaba takes customer experience as the core, leverages the synergy effect of Tmall and Tmall supermarkets through different businesses such as Ele.me and Hema, and penetrates into lower-tier cities through Taobao discounts and Taozai dishes. On the other hand, the direct-to-consumer (D2C) model can better promote brand owners' new products to meet the needs of target customer groups. Brands can achieve high ROI through the insights and multiple distribution channels of Tmall and Tmall supermarkets, as well as targeting to the regional or city level through Ele.me.

Credit Suisse: Reaffirms BYD's "outperform" rating, target price of HK $368

Based on today's closing price of HK $315.80, this price means that there is still room for 17% to rise!

Reason: The bank said that the company's sales in June this year were in line with expectations, reaching 134,000 units, an increase of 163% year over year and a record high.

The bank believes that the growth is mainly due to the recovery driven by part of the supply and the reopening of the delivery center in Shanghai, which contributed 6% of total sales last year. It also estimates that sales in the second quarter of this year will also be as innovative as 355,000 vehicles, up 147% year over year, and profitability is also expected to continue to improve in the last quarter, mainly due to higher comparable selling prices and higher average selling prices due to price increases.

Goldman Sachs: Maintain Li Auto Inc. 's "Buy" rating, target price increased by 24% from HK $160 to HK $199

Calculated at today's closing price of HK $154.8, this price means that there is still 25% room for growth!

Reason: Li Auto Inc. 's stock price has been strong year-to-date, believed to be driven by demand for the ideal ONE and news of the launch of the new model, the L9, in June.

The bank said that it has received 30,000 orders within 72 hours of the launch of the L9, exceeding the earlier expected annual sales of 15,000 units, and predicts that the monthly sales volume of the L9 will reach 6,000 units by the end of the year, becoming the best-selling model among new energy vehicles priced at more than 450,000 yuan in the mainland.

HSBC: Maintain NIO "Buy" rating, raise target price by 7.6% to $28 from $26

If calculated at the closing price of the previous trading day, this price means that the stock still has 31% room to rise!

Reason: See " Challenging the bears!" "NIO can go up another 31%!" Why did HSBC raise its target price sharply? "

Nomura: downgrades Xpeng from "Buy" to "Neutral" and reduces its price target by 44% to $36.3 from $64.6

If the previous trading day's closing price of $30.28 is calculated, this price means that there is still 20% room for improvement!

Why: The bank said the company cannot avoid a lot of cash flow consumption in the short term, and making hardware packages standard and waiving software upgrade fees may help accelerate the penetration of Xpeng's advanced self-driving assistance system technology, but the downside is that the strategy will delay any opportunity to monetize the software in the short term.

Royal Bank of Canada: Reiterates Rivian's "outperform" rating, target price $77

Calculated at the closing price of $25.7 in the previous trading day, this price means that there is still room for 200% to rise!

Reason: The bank said data from RBC Elements gave it confidence in Rivian's second-quarter delivery forecast. Based on the data, the bank believes that second-quarter delivery expectations look "very reasonable" and that current production rates are likely to return to near highs. Analysts added that the most critical part of Rivian's story in the near term will be whether it can meet its 2022 target of 25,000 vehicles.

JPMorgan: Maintain Apple's "overweight" rating, target price of $200

If the previous trading day's closing price of $138.93 is calculated, this price means that there is still room for 44% to rise!

Reason: The bank believes Apple's near-term outlook is "still resilient" relative to previously issued conservative guidance, contrary to downgrades due to slowing investor sentiment and consumer spending. Analysts believe supply chain problems ease in the fiscal third quarter, which will help improve weak demand. However, analysts have slightly downgraded their forecasts for Apple's revenue and earnings due to headwinds such as lower sales expectations and escalating currency headwinds.